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The latest commodities coverage from the TrustFinance editorial desk.
November canola futures edged higher as traders adjusted positions after a market holiday, running counter to declines in the broader soybean and vegetable oil complex. Favorable weather forecasts in the Canadian prairies limited the gains.
A Los Angeles County Fire Department report has determined that equipment belonging to Southern California Edison was the cause of the 2025 Eaton Fire. The utility, a subsidiary of Edison International (EIX), acknowledged it is likely its equipment was involved in the ignition.
The premium for U.S. WTI Midland crude delivered to Europe softened on Tuesday, with a key cargo trading at a lower differential to the dated Brent benchmark compared to the previous session.
The benchmark December wheat contract on Euronext fell 1.6% to €283.50 per metric ton, as a sharp drop in crude oil prices weighed on commodity markets and overshadowed ongoing supply concerns in the Black Sea.
A new round of U.S.-mediated security talks between Israel and Lebanon has commenced in Rome, a development closely watched by markets for its potential to de-escalate regional tensions.
The London Bullion Market Association has suspended Chinese refiner Shandong Gold Smelting from its Good Delivery Lists after the company was added to a U.S. list targeting forced labor. The suspension is an interim measure pending a full review.
Gasoline refining margins in Northwest Europe jumped by more than $4 to $37.40 per barrel on Tuesday, driven by a surge in trading activity and a drop in crude oil prices, signaling increased profitability for refiners.
Ukrainian officials have accused Russia of committing a war crime after video footage circulated showing a drone attacking a civilian vendor in the southern city of Kherson. The incident, condemned by President Volodymyr Zelenskyy, escalates geopolitical tensions amid a reported rise in civilian casualties.
Russian logistics giant FESCO has suspended new shipment orders through the Black Sea after a Ukrainian drone attack sank one of its vessels, signaling escalating risks for commercial shipping and commodity exports in the region.
